The jackpot for the Powerball draw on Wed Jul 16, 2025, is projected to be $264 Million, with an option for a cash payout of $119.7 Million. Should you be the lucky winner of the Powerball jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arkansas residents, the state will deduct 4.9% from your lottery earnings.
| Arkansas Powerball Jackpot/Cash Option for Wed Jul 16, 2025 |
|---|
| Draw Date | Wed Jul 16, 2025 | | Projected Jackpot | $264,000,000 | | Cash Value | $119,700,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $119,700,000 | | Federal Tax(24%) | $28,728,000 | | Additional Federal Tax | $15,521,330 | | State Tax(4.9%) | $5,865,300 | | Net Lumpsum Payment | $69,585,370 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$3,973,464 |
$1,430,512
$194,700 |
$2,348,252 |
| 2 |
$4,172,256 |
$1,504,065
$204,441 |
$2,463,750 |
| 3 |
$4,380,816 |
$1,581,232
$214,660 |
$2,584,924 |
| 4 |
$4,599,936 |
$1,662,307
$225,397 |
$2,712,232 |
| 5 |
$4,829,880 |
$1,747,386
$236,664 |
$2,845,830 |
| 6 |
$5,071,440 |
$1,836,763
$248,501 |
$2,986,176 |
| 7 |
$5,324,880 |
$1,930,536
$260,919 |
$3,133,425 |
| 8 |
$5,591,256 |
$2,029,095
$273,972 |
$3,288,189 |
| 9 |
$5,870,832 |
$2,132,538
$287,671 |
$3,450,623 |
| 10 |
$6,164,400 |
$2,241,158
$302,056 |
$3,621,186 |
| 11 |
$6,472,488 |
$2,355,151
$317,152 |
$3,800,185 |
| 12 |
$6,796,152 |
$2,474,907
$333,011 |
$3,988,234 |
| 13 |
$7,135,920 |
$2,600,621
$349,660 |
$4,185,639 |
| 14 |
$7,492,848 |
$2,732,684
$367,150 |
$4,393,014 |
| 15 |
$7,867,464 |
$2,871,292
$385,506 |
$4,610,666 |
| 16 |
$8,260,824 |
$3,016,835
$404,780 |
$4,839,209 |
| 17 |
$8,673,720 |
$3,169,607
$425,012 |
$5,079,101 |
| 18 |
$9,107,472 |
$3,330,095
$446,266 |
$5,331,111 |
| 19 |
$9,562,872 |
$3,498,593
$468,581 |
$5,595,698 |
| 20 |
$10,040,976 |
$3,675,492
$492,008 |
$5,873,476 |
| 21 |
$10,543,104 |
$3,861,279
$516,612 |
$6,165,213 |
| 22 |
$11,070,312 |
$4,056,346
$542,445 |
$6,471,521 |
| 23 |
$11,623,656 |
$4,261,083
$569,559 |
$6,793,014 |
| 24 |
$12,204,984 |
$4,476,174
$598,044 |
$7,130,766 |
| 25 |
$12,815,088 |
$4,701,913
$627,939 |
$7,485,236 |
| 26 |
$13,456,080 |
$4,939,080
$659,348 |
$7,857,652 |
| 27 |
$14,128,752 |
$5,187,969
$692,309 |
$8,248,474 |
| 28 |
$14,835,216 |
$5,449,360
$726,926 |
$8,658,930 |
| 29 |
$15,577,056 |
$5,723,841
$763,276 |
$9,089,939 |
| 30 |
$16,355,856 |
$6,011,997
$801,437 |
$9,542,422 |
|
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